Brokerages Expect InnerWorkings, Inc. (INWK) to Announce $0.13 EPS
Brokerages forecast that InnerWorkings, Inc. (NASDAQ:INWK) will announce $0.13 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for InnerWorkings’ earnings, with estimates ranging from $0.12 to $0.15. InnerWorkings posted earnings per share of $0.11 in the same quarter last year, which would suggest a positive year over year growth rate of 18.2%. The company is scheduled to issue its next earnings report on Tuesday, November 14th.
According to Zacks, analysts expect that InnerWorkings will report full year earnings of $0.48 per share for the current financial year, with EPS estimates ranging from $0.47 to $0.48. For the next fiscal year, analysts forecast that the business will post earnings of $0.55 per share, with EPS estimates ranging from $0.54 to $0.56. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover InnerWorkings.
InnerWorkings (NASDAQ:INWK) last issued its earnings results on Monday, August 7th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.01. InnerWorkings had a net margin of 1.76% and a return on equity of 8.84%. The company had revenue of $279.53 million for the quarter, compared to analysts’ expectations of $282.62 million. During the same period in the prior year, the business earned $0.11 EPS. The firm’s quarterly revenue was up 3.8% on a year-over-year basis.
INWK has been the topic of several research analyst reports. Zacks Investment Research lowered shares of InnerWorkings from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. BidaskClub lowered shares of InnerWorkings from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Barrington Research boosted their price target on shares of InnerWorkings from $12.00 to $13.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 10th. Two equities research analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $13.33.
Large investors have recently modified their holdings of the business. Legal & General Group Plc increased its stake in InnerWorkings by 10.4% during the second quarter. Legal & General Group Plc now owns 10,713 shares of the business services provider’s stock worth $124,000 after purchasing an additional 1,007 shares during the period. Prudential Financial Inc. purchased a new stake in InnerWorkings during the first quarter worth about $127,000. BlueCrest Capital Management Ltd purchased a new stake in InnerWorkings during the second quarter worth about $127,000. Petrus Trust Company LTA purchased a new stake in InnerWorkings during the second quarter worth about $130,000. Finally, Zacks Investment Management purchased a new stake in InnerWorkings during the second quarter worth about $146,000. Institutional investors own 79.99% of the company’s stock.
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Shares of InnerWorkings (INWK) traded up 0.96% on Monday, reaching $10.57. 169,708 shares of the company’s stock traded hands. The firm’s 50 day moving average is $11.01 and its 200 day moving average is $10.59. InnerWorkings has a 52 week low of $8.07 and a 52 week high of $11.94. The firm has a market capitalization of $565.67 million, a P/E ratio of 30.73 and a beta of 1.62.
InnerWorkings, Inc is a marketing execution company. The Company’s software applications and databases create an integrated solution that stores, analyzes and tracks the production capabilities of its supplier network, as well as detailed pricing data. The Company’s segments include North America and International.
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